American Resources Pops on New Developments
American Resources Corporation's (NASDAQ:AREC) through its holding in ReElement Technologies Corporation, a leading U.S. innovator in rare earth element (REE) and critical mineral refining, today announced it has successfully developed commercial protocols to produce ultra-high-purity germanium from both recycled and ore-based feedstocks for commercial and defense applications.
The company has achieved greater than 99.9% purity and designed its commercial process flows to meet the growing market demand for germanium products with purities ranging from 99.9% to 99.999%.
ReElement CEO Mark Jensen commented, "The demand for germanium in both the commercial and defense industries is significant and growing. In recent months, we have received numerous recycled and ore-based feedstocks, which we've leveraged to develop commercial flow sheets aimed at partnering with feedstock providers and customers who need this refined material today.
“I couldn't be more proud of our team's ability to establish these processing parameters using our industry-leading technology here in the United States. Over the past few years, our focus has been on developing technical flow sheets for a wide range of critical material inputs while scaling our existing production. Our innovative refining platform continues to demonstrate unmatched versatility and efficiency, enabling a truly independent critical mineral supply chain. Over the next year, we will be focused on scaling production not only at our Marion facility but also at partner facilities worldwide through our collaborative, partnership-based model."
AREC shares zoomed 28 cents, or 17.7%, to $1.90.
